China’s stocks fell on concern the resumption of initial public offerings will divert funds. Small- company equities rallied after the government started allowing insurers to invest in companies in the ChiNext Index.
Heavy pollution enveloped northern and central China today, prompting warnings for people to stay indoors as smog levels in some areas exceeded World Health Organization-recommended levels by 30 times.
Brazil, the world’s largest sugar producer, is boosting shipments to China, fueling speculation that demand in the world’s second-biggest importer of the raw sweetener will exceed forecasts for a second year.
Zhengzhou Coal Mining Machinery Group Co. is seeking regulatory approval to sell shares in Hong Kong at more than the standard 10 percent discount to its Shanghai stock, said two people with knowledge of the matter.
An instant-message group involving senior traders at banks including Barclays Plc, Citigroup Inc. and Royal Bank of Scotland Group Plc is being scrutinized by regulators investigating potential manipulation of the foreign- exchange market, four people with knowledge of the probe said.
The Chinese city of Zhengzhou will help Foxconn Technology Group recruit more than 100,000 workers next year for its local factory, matching the number it helped the maker of Apple Inc. iPhones and iPads hire in 2011.